RAIT Financial Trust

[1] RAIT was founded in August 1997 by Resource America, Inc. at which time it was led by Betsy Z.

[3] In December 2006, the company merged with Taberna Financial Realty Trust.

[6] In March 2014, Urban Retail Properties became a subsidiary of the company.

[7] In November 2015, the company signed a lease to move its offices from the Cira Centre.

[10] In August 2019, after defaulting on its bonds, RAIT filed bankruptcy and agreed to be acquired by Fortress Investment Group for $174.4 million.